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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data

NOTE 13 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)



 

 

 

 

 

 

 

 

 

 

 

 



 

Year Ended December 31, 2016



 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

Total Revenues

 

$

 106,916 

 

$

 223,077 

 

$

 120,702 

 

$

 132,135 

Total Expenses

 

 

 115,121 

 

 

 112,709 

 

 

 110,223 

 

 

 126,385 

(Loss) Income from Unconsolidated Joint Ventures

 

 

 (214)

 

 

 1,521 

 

 

 (3,717)

 

 

 587 

(Loss) Income from Continuing Operations

 

 

 (8,419)

 

 

 111,889 

 

 

 6,762 

 

 

 6,337 



 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Benefit

 

 

 -

 

 

 3,070 

 

 

 1,443 

 

 

 375 

Net (Loss) Income

 

 

 (8,419)

 

 

 114,959 

 

 

 8,205 

 

 

 6,712 



 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations

 

 

 (687)

 

 

 4,748 

 

 

 211 

 

 

 205 

Issuance Costs of Redeemed Preferred Stock

 

 

 -

 

 

 4,021 

 

 

 -

 

 

 -

Preferred Distributions

 

 

 3,589 

 

 

 4,000 

 

 

 4,417 

 

 

 5,374 

Net (Loss) Income applicable to Common Shareholders

 

$

 (11,321)

 

$

 102,190 

 

$

 3,577 

 

$

 1,133 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

     Basic Net (Loss) Income applicable to Common Shareholders

 

$

 (0.26)

 

$

 2.35 

 

$

 0.08 

 

$

 0.04 

     Diluted Net (Loss) Income applicable to Common Shareholders

 

$

 (0.26)

 

$

 2.33 

 

$

 0.08 

 

$

 0.03 

Weighted Average Common Shares Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 44,379,327 

 

 

 43,427,726 

 

 

 42,309,044 

 

 

 41,733,272 

Diluted

 

 

 44,379,327 

 

 

 43,863,577 

 

 

 42,745,864 

 

 

 42,307,583 



 

 

 

 

 

 

 

 

 

 

 

 



 

Year Ended December 31, 2015



 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

Total Revenues

 

$

 95,760 

 

$

 127,081 

 

$

 124,560 

 

$

 123,177 

Total Expenses

 

 

 99,875 

 

 

 108,090 

 

 

 111,396 

 

 

 113,116 

(Loss) Income from Unconsolidated Joint Ventures

 

 

 (274)

 

 

 526 

 

 

 608 

 

 

 105 

(Loss) Income from Continuing Operations

 

 

 (4,389)

 

 

 19,517 

 

 

 13,772 

 

 

 10,166 



 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Benefit

 

 

 -

 

 

 109 

 

 

 631 

 

 

 2,401 

Net (Loss) Income

 

 

 (4,389)

 

 

 19,626 

 

 

 14,403 

 

 

 12,567 



 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations

 

 

 (443)

 

 

 405 

 

 

 244 

 

 

 205 

Preferred Distributions

 

 

 3,589 

 

 

 3,589 

 

 

 3,589 

 

 

 3,589 

Net (Loss) Income applicable to Common Shareholders

 

$

 (7,535)

 

$

 15,632 

 

$

 10,570 

 

$

 8,773 

Basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net (Loss) Income applicable to Common Shareholders

 

$

 (0.16)

 

$

 0.32 

 

$

 0.22 

 

$

 0.19 

Weighted Average Common Shares Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 49,582,790 

 

 

 48,530,716 

 

 

 47,417,452 

 

 

 45,663,416 

Diluted

 

 

 49,582,790 

 

 

 49,043,914 

 

 

 47,909,549 

 

 

 46,211,104